8-KThe WireRed Alert
Executive Change
Filed Oct 9, 2019 · 6y ago · Accession 0001193125-19-265159
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT
REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 3, 2019
EMERSON RADIO CORP.
(Exact Name of Registrant as Specified in Charter)
Delaware
001-07731
22-3285224
(State or Other
Jurisdiction of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
35 Waterview Blvd., Parsippany, NJ
07054
(Address of Principal Executive Offices)
(Zip Code)
Registrants telephone number, including area code: (973)
428-2000
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
symbol(s)
Name of each exchange
on which registered
Common Stock, par value $.01 per share
MSN
NYSE American
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging
growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On October 3, 2019, the Board of Directors of Emerson Radio Corp. (the
Company) approved the grant of an aggregate cash retention bonus of $60,000 to Michael Binney, the Companys Chief Financial Officer and Secretary, to be paid as soon as practicable following Mr. Binneys entry into a
retention bonus agreement with the Company. The retention bonus agreement, which took effect on October 7, 2019, is intended to incentivize Mr. Binneys continued employment with the Company, and the bonus will be earned in three
equal installments of $20,000 on each of the first three anniversaries of the effective date of the retention bonus agreement, subject to repayment requirements in certain conditions.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
EMERSON RADIO CORP.
By:
/s/ Duncan Hon
Name: Duncan Hon
Title: Chief Executive Officer
Dated: October 9, 2019
Filing details
- Company
- EMERSON RADIO CORP
- Ticker
- MSN
- CIK
- 32621
- Form type
- 8-K
- Filing date
- Oct 9, 2019
- Report date
- Oct 3, 2019
- Document
- d792600d8k.htm
- Size
- 16 KB